|

Trio of Republican billionaires funding attacks on Romney, thereby helping Obama

It says HERE that three billionaires are pouring scads of money into Super PAC ads against Mitt Romney, which could weaken the presumptive Republican presidential nominee as he seeks to defeat Barack Obama in November:

The three men are contributing millions of dollars to a trio of outside groups flooding the airwaves in early voting states with brutal ads attacking Romney and ads backing the candidates they would prefer to win the Republican nomination.

(Snip)

Operatives say that without the super PAC air cover funded by these deep-pocketed political patrons and their associates, their favored candidates would have a tough time keeping their bare-bones campaigns going as long as they have — let alone beyond the next couple of contests in South Carolina and Florida.

The prospect that these candidates could carry on is a testament to the new world of campaign money ushered in by a pair of federal court rulings in 2010: A single wealthy donor can now prop up a presidential campaign with unlimited cash, even if the candidate is getting little traction with voters.

(Snip)

Obama’s allies have at times seemed to be working in tandem with Romney’s Republican foes, particularly the pro-Gingrich super PAC backed by [Sheldon] Adelson, which is called Winning Our Future. It’s spending millions of dollars in South Carolina airing hard-hitting ads derived from a half-hour documentary that depicts Romney as a cold-hearted vulture for his days heading an investment firm called Bain Capital.

 

Share: